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600 4th St, 
Gervais, OR 97026

$3,500,000


Bed


Bath


-

Sq Ft


Multi-Family

Active

Listed by

Patrick Ledbetter

Greg Whistler

Premiere Property Group, LLC.

503-670-9000

Last updated:

June 12, 2025, 03:18 AM

MLS#

594412183

Source:

PORTLAND

About This Home

600 4th St

This is more than just an opportunity; this is an asset that'll keep paying out for years to come. Be an investor with these brand spanking new 8 apartments and 4-8 retail/business offices in downtown Gervais. Luxury Apartments are 1,000 sqft 9' ceilings and feature beautiful kitchens, LVP flooring, granite countertops, stainless steel appliances, 2 bedroom, 2 baths with air-conditioning, washer/dryer hookup, balcony, and storage. The ground-level 4 unit retail/offices can be split from 2,000 sq-ft to 1,000 or even smaller to rent out, could be a hair salon, nails, chiropractic office, or accountant office, bring your dream and your ideas. The parking lot is also big enough to rent out to culinary food trailers/trucks. There is also an area on the south side of the parking lot that is approved for an 800sqft commercial building thats already plumbed for water and sewer.This is a "Gold Mine" of opportunity. Minutes from I-5, between Portland and Salem. Gervais is such a great community and has grown substantially in the last few years, having its own schools, Elementary up through High School. Seller is also willing to carry a contract on this for 20 years with a sizable down payment. The projected yearly gross income is over 300k. The estimated time of completion is July. Super easy access to I-5 in Woodburn, which is smack-dab in the middle between Portland and Salem. Don't let this phenomenal opportunity pass you by. I would do this if my wonderful wife would let me!

Home Facts

Multi-Family

Built in 2025

Price Summary

3,500,000

MLS #:

594412183

Last Updated:

June 12, 2025, 03:18 AM

Added:

24 day(s) ago


Structure

Structure

Year Built:

2025


Lot

Lot Size (Sq. Ft):

20,037


Finances & Disclosures

Finances

Price:

$3,500,000

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All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Coldwell Banker Coast Real Estate are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright 2025 RMLS, Portland, Oregon. Last updated: June 12, 2025

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